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| Net loss was at Rs 2,844.3 crore for Q1 – the largest ever for the airline |
India’s largest airline IndiGo on Wednesday said it expected to increase capacity by 40 per cent in the September quarter (Q2) and, by the December quarter, it wants to be able to deploy 60 per cent of the capacity it operated during the same period last year. The airline posted a pre-tax loss of Rs 2,842.6 crore against a pre-tax profit of Rs 1,509.4 crore in the same quarter of last year. Net loss was at Rs 2,844.3 crore for Q1 – the largest ever for the airline. It had posted a profit of Rs 1,203 crore in the same quarter last year. Revenue from operations plunged 91.9 per cent year-on-year to Rs 766.7 crore in Q1. Total income was Rs 1,143.8 crore, a decrease of 88.3 per cent over the same period last year. Passenger ticket revenues dipped 93.1 per cent year-on-year to Rs 585.4 crore. Similarly, ancillary revenues fell 81.3 per cent year-on-year to Rs 168.8 crore.
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